Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-06-18
THE GALLEG0 RES0LD
BOUGHT BY Mr. CHARLES L. TODD AND
ASSOCIATES.
Inc Price Paid for the Property
in It's Entirety
$l94,7l0.


lhe entire property oi the Gallcgo-Nills
Manufacturing Company was sold by pub
nc auction yesterday. The sale was made
IN execution OF two DEGREES Of the Chan.
ccry Cour, Of the city Ct Richmond in the
causes Of stokes and Allen rs. The Gallcgo-
MINIS Manufacturing Company, and the
Merchants and Planters savings Bank
against same by Mc.srs. y. W. Bowe and II.
Scldn TAYLOR, rcal estate auctiOneerS, for
Special. Commis, ioncr, John II. Guy.
Charles |. Williams, William j. Lcake. and
Thomas &. Jackson.
The sale was announced for - NJ, but
some httlo delay was occa,loncd by counsel
Tor the hrst.morieage bondholdcrs confer.
ring and considering paper concerning
the terms Of the sale
Al 1881 Mr.. BOwc mounted box which
had been placed against the front wall of
flour mill between the two maiI doors and
nearest the northern one.
THE CROWD.
There was quite large crowd present.
rcpre>cntiug the various pursuits ~ life
and the wealth and business men Of Rich
mOnd. None Of the iir>tm0rtgagc bond
holders were present. but were represented
oy resident counsel. rhc sun was Slinng
with great power. the thermometer regis
tered higher possibly than il has done this
year, and the atmosphere was exceedingly
oppressive. mhra.las were pressed into
service, and very agreeable companions they
proved Themselves 10 be.
MI. Topp'S PROTEST.
Immediately uron ascending the rostrum
Mr. RoWc read the advertisement Of sale
taken from the Dispatch; also extracts
| from IN" DEGREES giving the terms OF sale.
Just at this iunciurc Nr. Edward Y. Can
| non, q counsel for Mr.. Charles J.. Todd
who r'ccu:N purchased the property al
Sl20,Oou, which was not confirmed bv the
Chanc,ry Conn. arose from his seat by Mr..
Todd side 10 the amcti0nocT's loft, and
said thIt hc thought it proper both for the
bcLcGt of Nr. Todd and the a,sembllgc 10
state The stairs ~ This matter, and in th-
connection read thc following piper:
The undersigned, Charles l.. Todd, ot
| Richmond, Va, hereby gives notice 10 all
concerned that on the 10Th day OF ApGl,
lSs1. a. q public sale oi the GallCCO-Mills
properly, under a decree of the Chlncery
Count Of ihe city II Richmond, made on
| he 2fth Of February, 1851, he became the
purchaser of the whole u the real estate OF
| The Gallcco-Mill> Manufacturing COmplny,
| then sold, with all The franchises, :, fixture,
| privileges, and appurtonlnceS 70 the same,
and compiled WITH the terms OF sale. ana
insisted, and >till insists, thathe was, and i,
the awful purchaser Of said property: and
| that sand court having declined to recognize
| the laid purchase by its decree ide The
| 2Jth day OF May, 1851, and thereby direct
od the said property to be again exposed
| 10 sale on this day: a0d the h0ur OF sale
! having arrived and the undersigned having
IN the mean time oht1ired from the Su-
! prcnc Court q Appeals Of virginia an ap-
| real from the h>l.D1mcl decree OF re-.
sale: and having executed in due form
! tie bond required 10 perfect SliG
| appeal; and >Wd appeal being nov
| GtpDUnr and undetermined, the under.
| >ipued gives notice that be insists upon
! ali Of hi- LEGAL and equitable right, in the
| premise, already accrued. or which may Doc
| docroed 10 him hereafter, and >tll asserts
| ms rights a> said purchaser; ana without
! Waiyiu. the same, and protesting against
| thi, resale, reserves TO himself the right to
| make bld or bid, mt this resale upon said
! property. Il he shall be advised or OF Opln-
| ion that 10 i. proper for the prOte tion OF
/ hi. interest 20 10 do. CHARLES l.. ToDD.
| d" EicLmoud, ld., June l., l>S1.'
BIDDING BEGINS.
When Mr.. BoWc wa, about commencing
/ to cry the property. Mr. PegTaln. counsel
! for General Anderson, asked II the paper
urcpared bv the commi, >iOncrS would not
Ic read Mr.. Bo|e replied that IL Wa' with
! the commissioners, and could be seen, be
thought. by any one who desired 10 see it,
! General Anderson and Mr. Pegram retired
] Il. Of mill and after t4tk
seconds conference and an examination OF
! the paper in question, returned, and The
ale projected property ~ a whole bee
mg started at General Ahdcr>On's upset
Did Of Sl32,00O.
NE. TODD.
Mr.. Todd quickly offered 500 more aud
] General Anderson raisCd him a like amount.
These two made bids ranging from one 70
i've hundred. the large m1iority OF them Of
the former denomination, until Mr.. Iodd
| Dd $4,000. Here The thirdplrty entered
and put mp 500 more.
THIRD rAETY.
The sum had been >wcllcd several hun
drcd dollars before many persons or even
81 the bidders knew that The third party
was Mr.. T.. u. Christian. His appearance
i'm the field caused a ripple Of excitement TO
| eow through the crowd. and very inter.
e.ting triangular contest listing for several
minutes en>ucd, in which the bidding was
/ quite spirited.
Mr.. TODD REuEES.
Thi, thrcc.handed game was kept mp nm.
/ iii Mr.. Christian raised Mr.. TOdd'> bid OF
! Slf2j0O one hundred. when the lotier re-
tired. lca1n. the other two gentlemen a
Tree field They continued TO bid small
| sums, and It was soon apparent that the
one who became the purchaser would nave
| 10 pav over $4,000 for it. The crowd
stood patiently sweltering in the hot sun,
| awaiting the re>ult-a desire which was
| exceedingly low Of realization.
UNDER SHELTER.
Ataf,w minutes to 3 O'Clock Mr. Viii
| Ii,iu.. one Of the commissioners. suggested
| to Mfr. BoWc, both for the comfort OF the
| latter and OF the audience, that he repair TO
! the inside Of the building; that tins would
| NOT violate the decree of the court that tlc
propcrtv be sold &" in front OF the mill
Tbi, change Wa, made greatly 10 the
benefit Of all present
The contest betWccn Mr.. Christian and
| General Anderson continued until hiii-
past 3 O'Clock, when the former offered
| SlS6, coo.
| At this point General Anderson >OIi
anproached Mr.. Christian, and they held
brief consultation. and several other con
fcrcnccs were held, after which the property
was knocked ont to Mr.. Christim at the
price named above.
CHEERS.
! He stated that he represented OharIeS u
Todd and associates. The announcement
was received with cheers ana via aP
This was probably the first time ID tn'
history OF Richmond or OF the STATE whei
tle sale Of property started at SlS2, ,OOO anl
only advanced as much as this consumed Sc
IonG as three hours. Mr. Bowe bore th'
nreSsure remarkably, and when ne de
scended from his lofty heights he showed
no sigps OF fatigue other than being DAM
with Precipitation, and bis articulation wa
yet clear.
TnE BRANDS.
Mr.. Taylor Immediately took the stan'
! ord offered the brands OF the company
d" CalleYo " and "O'Dance.' These wer'
staIfed al General Anderson's upset b''
oG Is. 100. Mr.. Christian offered SO more
and there being no other BID they wcr
ruocked out to hIm at That prlce. ne tn
fire property, therefore, brought si9b'I'
THE CLAIMS.